Aggregated price index with volume information
Summary:
- Alternative Power Generation stocks up 1.4% on average while median return up 1.4% in a day
- Alternative Power Generation stocks up 2.4% on average while median return up 3.0% in a week
- Alternative Power Generation stocks up 7.1% on average while median return up 3.2% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $RUN 40.6%, $BIP 13.7%, $ORA 7.0%
- 1M losers are : Losers for past month are $NEP -7.0%, $ELLO -11.2%
- 1W winners are : Winners for past week are $ORA 5.7%, $RUN 5.4%, $CWEN 4.6%
- 1W losers are : Losers for past week are $NEP -2.0%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 35.7%, for the past 3 months is 21.8%
In the past month for a 5 days rolling window, the highest corrrelation is 56.1%, the lowest correlation is -0.6%, the latest correlation is 2.0%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 87.1% between CWEN and ORA
The lowest correlation is -12.9% between ELLO and NEP
Edison International's (EIX) second-quarter earnings increase year over year by 21.8%. The company's 2024 EPS outlook remains unchanged.
This green energy stock is dedicated to rewarding shareholders with generous dividends.
NextEra Energy Partners continues to thread the needle.
One important metric to look for in a stock is an 80 or higher Relative Strength Rating. NextEra Energy stock cleared that benchmark Thursday, with a jump from 71 to 81 Thursday. This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score.
PG&E's (PCG) second-quarter earnings and revenues beat the Zacks Consensus Estimate. The company reaffirms its 2024 adjusted EPS guidance.
Companies in the News Are: NEE, TMO, GD, LW.
NextEra Energy continues to grow briskly.
NextEra Energy’s development arm signed deals for more than 3 GW of renewable energy during the second quarter, including an 860-MW agreement with Google.
Q2 2024 Nextera Energy Inc and Nextera Energy Partners LP Earnings Call
After NextEra proposed a wind farm in Greeley County, Nebraska two years ago, Robert Bernt, a dairy farm owner in the area, helped to mobilize community members against the idea. Bernt estimated Greeley is the eighth county where he has fought a wind project. “In every case, people were upset because they felt they weren’t told the truth,” Bernt said.